Pinergy estimates it will save the average household €183 a year.
Pinergy is cutting the cost of electricity for its customers by 7.1%, the company has announced.
It is the first company in Ireland to announce a drop in energy prices since international wholesale prices started to fall and PinergyAround 30,000 people in Ireland are Pinergy customers - all of whom use a pay-as-you-go model.“We are now pleased to be able to announce this price decrease. However, the outlook on global wholesale markets continues to show inflated and volatile pricing over the medium term,” Pinergy CEO Enda Gunnell said.
“The Energy Crisis has not gone away, and market reforms of the Energy sector are still urgently required. “We continue to engage with regulators and policy makers to urge reform for energy users, generators and suppliers across the marketplace.”Energy prices shot up in the wake of Putin's invasion of Ukraine last year, as countries across the world announced they would shun Russian fossil fuels.“What we’re expecting now in 2023 is hopefully going to be the year where electricity costs decrease over time,” he toldMain image: Electricity pylons.
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